Category — Energy
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After years of consolidation, natural gas has been the best performing commodity over the past 12 months. Its demand fundamentals are becoming increasingly bullish as new markets for the clean burning energy are opening up.
Natural gas is a commodity North Americans need to pay close attention to as we are fortunate to be at the forefront of an export revolution. The gas industry is witnessing radical demand increases from overseas and all signs point to the continuation of this trend.
North America’s massive natural gas inventories are set to be unleashed on the global market, which has been searching for a reliable, cheaper (for now) energy alternative for decades.
The Canadian Environmental Assessment Agency estimates global LNG (Liquefied Natural Gas) demand will rise 50% from 2009 levels to 280 million tonnes per year by 2015; and that the growth will be concentrated primarily in Japan, Korea, China and India.
North America is positioned to supply this demand increase as we are awash in the commodity. The question is, will we streamline the infrastructure to get the product overseas?
Foreign nations will pay a large premium to current North American nat gas prices and this realization is beginning to show in NYMEX futures as initiatives have been implemented to get the product off of our shores. [Read more →]
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On 10 January 1901, the first oil ‘gusher’ erupted from a well in Beaumont, Texas. It spewed 80,000 barrels of oil in a day, at a time when 50 barrels was considered a lot.
The production of this one well was greater than the rest of the US put together. It proved beyond doubt that there were huge amounts of oil in the region.
Even though production at Beaumont quickly fell back to 10,000 barrels a day, the oil boom continued.
People flocked to Texas, attracted by the prospect of ‘striking it rich’. Towns in oil drilling areas sprung up overnight, and property values soared. Ever since then, Texas has maintained its position as America’s top oil producer.
But now Texas’ pole position is under threat.
Another great American oil rush is underway. And just like last time, there’s plenty of profit to be made for investors who know where to put their money… [Read more →]
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